Archive for the 'Economy' Category
How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme—Again
March 12th, 2014Via: Mother Jones: You can hardly turn on the television or open a newspaper without hearing about the nation’s impressive, much celebrated housing recovery. Home prices are rising! New construction has started! The crisis is over! Yet beneath the fanfare, a whole new get-rich-quick scheme is brewing. Over the last year and a half, Wall […]
Chinese Economic Slowdown Sends Raw Materials Prices Lower
March 12th, 2014Via: Guardian: Mining stocks have taken a hammering on world markets after the price of iron ore – Australia’s biggest export – posted the biggest one-day fall in over four years. Figures showing an 18% fall in Chinese exports in February amplified fears of a slowdown in the world’s No. 2 economy, sending raw material […]
Global Debt Exceeds $100 Trillion as Governments Binge
March 10th, 2014Via: Bloomberg: The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements. The $30 trillion increase from […]
Chemotherapy for People with End Stage Cancer
March 9th, 2014Is this the most egregious scam in the world? Via: CBS: More than half of end-stage cancer patients receive chemotherapy during the last few months of their life, and those who received such treatment were more likely to die in a hospital intensive care unit, hooked to a ventilator, rather than at home as they […]
Commercial Drone Operations in U.S. Airspace Are Legal, Rules Federal Judge
March 7th, 2014Via: Drone Hire: The long stand-off between commercial drone operators and the FAA has just taken an extraordinary twist: A federal judge has rejected the FAA’s ban as unenforceable, ruling that commercial use of drones in the United States is unequivocally legal.
College Grads Taking Low-Wage Jobs Displace Less Educated
March 7th, 2014Via: Bloomberg: Jeanina Jenkins, a 20-year-old high-school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald’s Corp. that she calls a “last resort” because nobody would offer her anything better. Stephen O’Malley, 26, a West Virginia University graduate, wants to put his history degree to use teaching high school. What he’s […]
MIT’s Liquid Metal Batteries Could Compensate for Intermittent Nature of Renewable Energy
March 7th, 2014Via: Bloomberg: A 40-foot trailer loaded with 25 tons of liquid metals may be the solution to the renewable-energy industry’s biggest challenge: making sure electricity is available whenever it’s needed. A Boston-area startup founded by MIT researchers is working to turn this new concept into a commercially viable product, liquid-metal batteries that will store power […]
The E-Waste Disaster in Ghana
March 7th, 2014Via: Kevin McElvaney:
Satoshi Nakamoto, Creator of Bitcoin, Has “Done Classified Work for Major Corporations and the U.S. Military”
March 6th, 2014Update: Nakamoto Now Claims, “I Never Was Involved” Via: Los Angeles Times: The day started with a possible answer to one of the digital era’s greatest mysteries: Who created the bitcoin virtual currency that has become a multibillion-dollar global phenomenon? From there, with the unlikely revelation by Newsweek magazine that it might be Dorian Satoshi […]
Singapore: Young CEO of Crypto Currency Exchange Found Dead
March 5th, 2014Via: Tech in Asia: The startup community has lost one of its own. Autumn Radtke, CEO of First Meta, a Singapore-based virtual currency trading platform that also deals in bitcoin, has died last night, Tech in Asia has learned. She was 28 years old. The circumstances surrounding the death is unclear. Sources have suggested that […]
